Managing Time, Costs, and Quality in Project Management

Description

Effective project management involves balancing multiple constraints, with time, cost, and quality being among the most critical. This micro-credential provides a comprehensive exploration of the ‘triple constraint’ theory, which encompasses the relationship between time, cost, and quality, and how these elements must be managed to ensure project success.

Participants will learn best practices for managing project budgets, estimating workloads, and defining quality standards within the project scope. This course will also delve into the importance of clear communication, project scope management, and the use of project management software to track and balance these constraints.

Through a series of practical examples and case studies, participants will gain insights into managing these competing demands while maintaining the integrity of project objectives.

Objective

By the end of this micro-credential, participants will be able to:

• Identify best practices for managing project budgets and financial
• Explore methods for estimating project timelines, durations, and workloads effectively.
• Define quality standards in project management and understand how to ensure deliverables meet required quality
• Understand the concept of the triple constraint and how to balance time, cost, and quality in

Topics

• Fundamentals of Cost
• Fundamentals of Time Management
• Quality and Scope Management Fundamentals
• Assessment

Participants

This course is ideal for:

1. Project managers and team leaders responsible for overseeing project timelines, budgets, and quality
2. Professionals working in project-driven industries who want to improve their ability to manage multiple
3. Aspiring project managers looking to deepen their understanding of time, cost, and quality
4. Individuals seeking to enhance their project management skills and align project deliverables with stakeholder

Micro-credential Hours

This micro-credential is designed to be completed within 20 hours. The course includes video lectures, readings, practical activities, and case study analysis. Participants should allocate additional time for deeper reflection and application of concepts in their professional context. The course culminates

in a final assessment to demonstrate mastery of managing time, costs, and quality in project management.

Upon successful completion, participants will earn a digital badge to showcase their proficiency in managing time, costs, and quality within project management.